A contactless payment terminal is a point-of-sale device that uses Near Field Communication (NFC) to securely process payments without requiring customers to insert or swipe a physical card. When a customer taps or hovers their payment device near the terminal, encrypted EMV data is exchanged, the issuing bank authorizes the tokenized transaction, and approval is completed within seconds. Contactless terminals support a wide range of payment methods, including tap-enabled cards, Apple Pay, Google Pay, Samsung Pay, smartwatches, and other NFC-enabled accessories, making them ideal for both fixed-location and mobile businesses.